Plan Ledger DOL Form 5500 · updated monthly

Truebeck Construction, Inc.401(k)

TRUEBECK CONSTRUCTION, INC. 401(K) PLAN · SAN MATEO, CA · plan year 2024

Reported admin expense ratio · 2024
0.10%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Truebeck Construction, Inc. reported $55,619 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $6,702 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.14% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 1,561st-largest of 9,483 plans among California employers on file, and the 935th of 5,337 in construction. In 2024, employees put in $2.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$58,375,747
Participants with balances443
Active participants290
Employer contributions$1,943,676
Employee contributions$4,653,401
Employer contribution per active participant$6,702
Average account balance$131,774
Benefits paid to participants$4,408,114
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$58.4M · 443 accts · $1.9M emplr
2023$48.2M · 454 accts · $2.0M emplr
2022$35.0M · 412 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,619
Total administrative$55,619
The Truebeck Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$6,702
Median for plans this size$3,635
2024$6,702 per active participant
2023$6,214 per active participant
2022$5,636 per active participant

Truebeck Construction, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$55,619

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$55,619 · 0.10%
2023$44,815 · 0.11%
2022$50,707 · 0.14%
Same employer
Similar plansConstruction · California
Plant/Allison Corporation CA$60.3M · 0.11%
Reed Family Companies CA$60.1M · 0.35%
Bernards Bros. Inc. CA$58.6M · 0.03%
Clark Pacific CA$57.8M · 0.38%
Severson Group, Inc. CA$57.7M · 0.00%
Glacier Northwest, Inc. CA$56.2M · 0.10%
Ks Industries, LP CA$54.9M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260348421 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.